{"podcast":{"title":"Preferred Shares Podcast","slug":"preferred-shares-podcast-6594967","podcast_index_feed_id":6594967,"rss_url":"https://api.substack.com/feed/podcast/1908337.rss","website_url":"https://www.preferredsharespodcast.com/podcast","image_url":"https://substackcdn.com/feed/podcast/1908337/e73d940b2a7f9e66dbfaaa377d07d0a4.jpg","author":"Preferred Shares Podcast","episode_count":35,"summary":"Business, history, and business history.","last_synced_at":"2026-06-12T22:18:20.663831+00:00","page_url":"https://stenobird.com/podcast/preferred-shares-podcast-6594967"},"episode":{"title":"The Untold Story of Amphenol: Part II","slug":"the-untold-story-of-amphenol-part-ii","published_at":"2025-07-21T11:15:00+00:00","page_url":"https://stenobird.com/podcast/preferred-shares-podcast-6594967/the-untold-story-of-amphenol-part-ii","show_page_url":"https://stenobird.com/podcast/preferred-shares-podcast-6594967","url":"https://www.preferredsharespodcast.com/p/the-untold-story-of-amphenol-part-7d9","audio_url":"https://api.substack.com/feed/podcast/168527418/107f927d1d0b2082af1555fbecb5b2d4.mp3","summary":"Welcome to Episode 24 of the Preferred Shares Podcast. In this episode of the Preferred Shares podcast, hosts Devin, Doug, and Lawrence interview Will Kerwin , a senior equity analyst for Morningstar, to provide a current overview of Amphenol . In This Episode [01:17] Guest Introduction and Background [02:29] Exploring Amphenol’s History and Industry [04:27] Amphenol’s Market Position and Competitors [10:06] Amphenol’s Diverse End Markets [11:59] Aerospace and Defense Opportunities [14:05] Amphenol’s Unique Corporate Culture [16:31] Capital Allocation Strategies [17:53] Acquisition Strategies and Market Dynamics [20:16] Product Diversity and Co-Designing with Customers [25:55] Innovation and R&D Approaches [30:26] Pricing Power and Competitive Advantages [30:47] Talent Retention and Company Culture [32:43] Identifying Headwinds and Market Challenges [34:47] Long-Term Trends and Future Opportunities [38:46] Profitability and Margin Analysis [42:27] Supplier Relationships and Material Inputs [43:29] Future Risks and Succession Planning [47:11] Conclusion and Final Thoughts Additional Reading & Listening William Kerwin, CFA . Current coverage: Did you miss Part 1 of our series on Amphenol? Check it out below. Curious to see what else we’ve been working on? Check out some of the interesting things we’ve done recently: * Douglas Ott ( Andvari Associates and @yesandnotyes ) * 📖 The Story of Amphenol: 1932-1958 - Doug provides even more details, anecdotes, and financials on the early history of Amphenol. * Lawrence Hamtil (Fortune Financial and @lhamtil) * 📖 Aerospace: After A Century of Growth; A Bright Future Ahead * Devin LaSarre ( Invariant and @DevinLaSarre ) * 📖 The Nicotine Horizon Enjoy this episode? Share it with someone who loves business history as much as you…","meta_description":"Welcome to Episode 24 of the Preferred Shares Podcast. In this episode of the Preferred Shares podcast, hosts Devin, Doug, and Lawrence interview Will Ker…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3231,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/preferred-shares-podcast-6594967/episodes/the-untold-story-of-amphenol-part-ii/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/preferred-shares-podcast-6594967/the-untold-story-of-amphenol-part-ii.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}